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25 May 2018
in
Oil & gas

Lonestar Resources: Borrowing base rises to $190m

Texas-headquartered Lonestar Resources has announced that the lenders in its senior secured facility have approved an increase in the company's borrowing base from...

25 May 2018

Commerzbank makes first major FX pilot transaction via blockchain

Commerzbank has traded an FX forward with German industrial group thyssenkrupp in which the pilot transaction was instantaneously replicated in a blockchain. The EUR/PLN...

25 May 2018

Bancóldex issues $100m in bonds to finance small business projects

Colombian development bank Bancóldex has issued bonds with a value of around $100 million with the aim of financing small business projects. The market demand was...

25 May 2018

RDIF signs deal over methanol production plant in Ust-Luga

Russian Direct Investment Fund (RDIF), Japan's Marubeni Corporation, Baltic Gas Chemical Company and Invasta Capital have signed a trading and investment cooperation...

25 May 2018
in
Metals and Mining

Oleg Deripaska quits Rusal board

Russian oligarch Oleg Deripaska has quit his role as a non-executive director of aluminium producer Rusal. The Moscow-headquartered company said the decision was taken in...

25 May 2018

IDB Invest supports SME financing in Chile through Factotal

IDB Invest, the private arm of the Inter-American Development Bank Group, has signed an unsecured loan of $10 million with a term of up to four years with Factotal. The...

25 May 2018
in
Metals and Mining

Rio Tinto to offload stake in Grasberg mine for $3.5bn

Australian-British miner Rio Tinto is ready to sell its stake in the giant Grasberg mine, the world’s second largest copper operation, to...

24 May 2018
in
Oil & gas

Petrobras pricing pressure spooks potential refinery buyers

Brazilian oil giant Petrobras' decision to cut diesel prices in response to truckers' protests is worrying some potential buyers of its refineries, it was...

24 May 2018
in
Agri/Soft Commodities, Infrastructure, Metals and Mining, Oil & gas, Power, Renewables, Telecoms and Communications, Transport, Waste and water

Trade risk: Venezuela has a future – but what?

In the wake of the illegitimate 20 May presidential elections, Venezuela is at an inflection point. The country faces an acute political and economic crisis, and the...

24 May 2018
in
Infrastructure, Metals and Mining, Transport

Adani mandates Rothschild to arrange Abbot Point stake sale

Adani has appointed Rothschild to sell a stake in its Abbot Point port operations in Queensland in a move that could help it raise funds for the controversial Carmichael...

24 May 2018
in
Renewables

Epuron gets Wesley Vale solar planning permission

Epuron has received planning permission for the A$20 million ($15 million) 12.5MW Wesley Vale solar project in northern Tasmania. The project is one of two being...

24 May 2018
in
Renewables

ADB finances first utility-scale solar PV plants in Indonesia

The Asian Development Bank (ADB) has announced a private sector financing package worth about $40 million to invest in Indonesia's first utility-scale solar...

24 May 2018
in
Oil & gas

World Bank/IBRD agree Lake Tuz Gas Storage loan

The World Bank, via the IBRD, has approved a $1 billion loan package for Turkey. Up to $600 million will be allocated to the Lake Tuz Gas Storage Expansion project...

24 May 2018

EIB agrees €136m loan for Ukraine's transmission infrastructure

The European Investment Bank (EIB) is lending €136 million to Ukraine's National Power Company Ukrenergo in support of an extensive modernisation programme of...

24 May 2018

Earthport appoints new CEO

Payments network Earthport has appointed Amanda Mesler as CEO with effect from 1 July 2018. She replaces Phil Hickman who had been serving as interim CEO and who will now...

24 May 2018
in
Power

Prices jump in latest US PJM capacity auction

PJM has released the results of its 2021/2022 Reliability Pricing Model Base Residual Auction, the US’s largest market for grid capacity. Prices for the future...

24 May 2018

UKEF seeking project finance advisers

UKEF is to issue an RFP for consultants for a project finance framework. Consultants will need to perform risk analysis and provide general financial/structuring advice...

24 May 2018

PwC awarded 1MDB auditors mandate

The subject of money laundering investigations in six countries, scandal-hit state-owned 1Malaysia Development Berhad (1MDB) has declared insolvency and PwC - the only...

24 May 2018

Bangkok Bank signs up to Marco Polo trade finance initiative

Bangkok Bank - Thailand's largest lender - has joined the Marco Polo trade finance initiative run by enterprise software firm R3 and trade finance technology...

24 May 2018

Kountable considers blockchain to streamline trade in East Africa

US-based technology and trade firm Kountable is partnering with East African small and medium-sized enterprises in a bid to streamline trade in the region. Kountable has...